revolving credit
1
5.6
- noun
- /rɪˈvɑlvɪŋ ˈkrɛdɪt/
- Specialized
:
crédito revolving
- The bank offered a revolving credit limit that allowed the customer to borrow funds whenever necessary.
- revolving credit line
- revolving credit card
Examples
-
Recently, CP arranged for a $60 million 5-year revolving credit loan through a consortium of Japanese banks.
Academic text (1990) -
But revolving credit is not the easiest thing to understand, and given how widely available credit cards are, there is value in ensuring that the information on balances is presented to consumers in a straightforward manner.
Blog text (11) -
I think the number of people who use credit cards as revolving credit and pay off in full has gone up significantly.
Blog text (29) -
- in a four-year revolving credit line.
-
Once you are sucked into revolving credit for many, it's very difficult to come out.
Blog text (4) -
Revolving credit is a bit tougher than an installment loan, like a car or a home.
Blog text (11) -
Our art loans are typically structured as revolving credit lines in order to provide our clients the flexibility to borrow when they need the money and to repay when their cash balances increase while keeping the availability of the credit line throughout the commitment period.
Blog text (34) -
The significant cash generation year-to-date also enabled us to strengthen the balance sheet by reducing borrowings under our revolving credit facility by $1.5 billion, while maintaining approximately $2.5 billion of cash on hand at the end of the third quarter.
Blog text (34) -
Waxman-Markey initiates a revolving credit plan and a "Clean Energy Development Administration" program that will together allocate at least $37.5 billion in loans and grants to technologies that private investors have declined to fund.
Blog text (1) -
"The lowering of the rating on the revolving credit facility reflects our view of persistently weaker demand for light vehicles in North America," said Greg Maddock, an S&P analyst.
Blog text (21)
Synonyms
24
3.1
A plan from a bank that lets you borrow up to a set amount
6
3.7
The largest amount a bank allows you to borrow when needed
A borrowing plan that lets you borrow up to a set limit and use it again as you repay
A payment plan that lets you keep owing money and pay over time
A way to buy now at a shop and pay later up to a set limit you can repay anytime
How Much
12
2.7
- Specialized
24
3.1
- Specialized
1
5.6
1
3.2
Surface Forms
Morphology
The component meanings give a helpful clue: 'revolving' (circling/returning) plus 'credit' (a financial loan/account) allows a learner to infer a credit that renews or is drawn on repeatedly. However, the precise technical details of the financial arrangement (credit limit, pay-down-and-redraw mechanics) are not fully predictable from the words alone, so it is only partially transparent to a B1 learner.
Etymology
Revolving credit may come from the image of a turning door or wheel, where revolving means 'turning back' and credit means borrowing. So, like a door that keeps opening, revolving credit lets you borrow up to a limit, pay some back, and borrow again, which is why it means 'a credit line you can use again and again'.